Analyst Raises Logitech Price Target on Portfolio's 'Compelling Growth Stories'

Logitech’s global portfolio combines mature businesses with compelling growth stories, wrote Wedbush analyst Michael Pachter in a Wednesday investor note. Logitech “leans in on growth opportunities” such as video collaboration, audio and gaming, “while pulling back on investment in categories faced with stiff competition,” said Pachter, referencing smart home. The company’s global portfolio of mature businesses coupled with compelling growth stories “is driving share gains.” Wedbush raised the price target to $46 from $45, maintaining an "outperform" rating.